GBTC net outflow drops to record low! IBIT Bitcoin Spot ETF Chases GBTC
This site (120bTC.coM): In addition to GBTC, BlackRock iShares Bitcoin Trust (IBIT) has become the first Bitcoin spot ETF with an asset size approaching US$2 billion. There are approximately 49,952 Bitcoins.
Bitcoin Spot ETF Day 11
According to the trading data on the 11th day provided by ETF Bloomberg analyst James Seyffart and BMEX Research, there are the following key points:
The total net outflow of GBTC reached US$4.886 billion.
The total assets of all ETFs are US$25.3 billion.
All ETFs had a total net inflow of US$744 million on the 11th.
GBBTC net outflow hits new low
James Seyffart and BMEX Research both point out that the 11th trading day saw the lowest net outflow of $255 million for GBTC. This differs greatly from the data quoted by PANews, which cites SoSo Value's data showing a net outflow of $671 million, setting a record for the highest single-day net outflow for GBTC.
BlackRock Bitcoin ETF (IBIT) tight Chasing GBTC
In addition to GBTC, BlackRock iShares Bitcoin Trust (IBIT) has become the first Bitcoin spot ETF with an asset size approaching US$2 billion, holding approximately 49,952 Bitcoins.
In addition, IBIT’s trading volume on the 11th day was US$480 million, second only to GBTC’s US$649 million.
Fidelity Wise Origin Bitcoin Fund (FBTC) also followed closely behind with a trading volume of $333 million. As of January 25, FBTC held approximately 44,000 Bitcoins.
ETF Store President Nate Geraci told CoinDesk: BlackRock IBIT has an asset management scale of US$2 billion. Among the more than 600 ETFs launched last year, its asset size has ranked third. I believe IBIT will soon be Will replace the number one throne.
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